11 months ago

MRF Q4 results: Net profit drops 7.6% YoY to ₹379.6 crore; dividend declared

MRF reported a surprise drop in its fourth-quarter profit as the tyre maker faced pressure from a spike in rubber prices. MRF Q4 results: MRF's net profit drops 7.6% YoY to ₹ 379.6 crore. MRF's standalone profit from continuing operations fell 7.6% year-on-year to 3.80 billion rupees in the three months ended March 31. Its revenue from operations rose 8.6% to 62.15 billion rupees, while expenses climbed 9.5% to 57.99 billion rupees due to a 7% surge in raw material costs.

Hindustan Times

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